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Cubs Finalize Sale to Ricketts Group

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As reported by ESPNChicago.com

The Tribune Co. and the Ricketts family have reached an agreement on the sale of the Chicago Cubs and Wrigley Field, the Chicago Tribune is reporting on its Web site.

The story quotes anonymous sources stating the two sides finalized an agreement over the weekend and sent the contract to Major League Baseball.

Baseball owners must approve the deal, and because Tribune Co. is in Chapter 11 bankruptcy, a court also has to approve the transaction.

The story also quotes a source stating the sales price is "close" to the $900 million bid the Ricketts family tendered earlier this year. That bid won an auction for the Cubs, Wrigley Field, and a 25 percent share of Comcast SportsNet Chicago.

Finally!!!  Now maybe the Cubs can make some deals.  This team really needed to get this ownership situation stabilized.  Good day for Cub fans. For additional information on this story check out Bleed Cubbie Blue.

 

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